Key Points
- CitroTech CTO Stephen Conboy sold 275,001 shares at an average price of $3.00, generating $825,003. Following the transaction, he retained 2,060,557 shares, an 11.77% reduction in his ownership.
- CitroTech reported a quarterly loss of $0.33 per share on $340,000 in revenue, alongside deeply negative profitability metrics. Analysts expect a full-year loss of approximately $0.97 per share.
- Analyst sentiment remains moderately positive, with an average rating of “Moderate Buy” and a $16 price target, while several institutional investors recently initiated or increased positions in the stock.
CitroTech Inc. (NYSEAMERICAN:CITR - Get Free Report) CTO Stephen Conboy sold 275,001 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $3.00, for a total transaction of $825,003.00. Following the transaction, the chief technology officer owned 2,060,557 shares of the company's stock, valued at $6,181,671. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
CitroTech Stock Up 2.6%
Shares of CITR opened at $5.96 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.73 and a current ratio of 1.97. CitroTech Inc. has a 52 week low of $4.35 and a 52 week high of $12.00. The stock has a market capitalization of $133.27 million, a price-to-earnings ratio of -1.75 and a beta of 7.50. The stock has a fifty day moving average of $5.80 and a 200-day moving average of $7.04.
CitroTech (NYSEAMERICAN:CITR - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.33) earnings per share for the quarter. CitroTech had a negative return on equity of 315.55% and a negative net margin of 1,829.60%.The firm had revenue of $0.34 million for the quarter. As a group, sell-side analysts anticipate that CitroTech Inc. will post -0.97 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently weighed in on CITR. Northland Securities started coverage on CitroTech in a report on Thursday, June 11th. They set an "outperform" rating and a $16.00 price target on the stock. Zacks Research upgraded shares of CitroTech to a "hold" rating in a report on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.00.
Check Out Our Latest Stock Analysis on CITR
Hedge Funds Weigh In On CitroTech
A number of hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of CitroTech in the first quarter worth approximately $1,046,000. FNY Investment Advisers LLC increased its position in CitroTech by 200.1% during the 2nd quarter. FNY Investment Advisers LLC now owns 27,715 shares of the company's stock valued at $152,000 after purchasing an additional 18,481 shares during the period. Coastal Bridge Advisors LLC bought a new position in CitroTech during the 4th quarter worth approximately $108,000. Finally, T3 Companies LLC bought a new position in CitroTech during the 4th quarter worth approximately $274,000.
CitroTech Company Profile
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Get Free Report)
CitroTech Inc manufactures and sells fire inhibitor products in the United States and Canada. The company also offers lumber treatment and spraying solutions, as well as develops wildfire defense systems on residential and commercial properties under the CitroSafe Systems brand name. It serves wildland fire, residential home protection, wood products, ground application, lumber and building materials, and construction industries; homeowners; governments; and agencies. The company was formerly known as General Enterprise Ventures, Inc and changed its name to CitroTech Inc in January 2026.
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